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Showing posts with label European Union. Show all posts
Showing posts with label European Union. Show all posts

Friday, June 24, 2016

Politics and financial turmoil

Sou | 7:27 PM Go to the first of 209 comments. Add a comment
This is where you can clap with glee or express your disbelief that so many people in England and Wales want to try to go it alone. If you don't care about the political and trade issues, how do you feel about the impact on financial sector in the UK and the world.


Is this the end of the United Kingdom or did that happen some time ago? Will Scotland have another vote to separate, and to stay with the EU? What about Northern Ireland? Will it revert to civil strife? And will other EU countries follow suit, leading to a collapse of the union?

Post your thoughts here - and even better, speculate what Europe (including England, Scotland, Wales and Ireland) and the world will look like in 2030.

HotWhopper rarely dips into politics, but this vote by the people of Britain to leave the EU could signal some massive changes. It will almost certainly upset the world of finance. The Pound has dropped to its lowest level since 1985. Stock prices have dropped quite a lot all around the world. This could be a kneejerk reaction from the markets, or the start of a bear.

One things seems certain, unwinding from the EU won't be easy or painless. England could sink into a long depression. The Bank of England is trying to talk things up, but will the world listen?

What's the bet that when reality sets in, the people who voted to leave will still blame the EU for their woes?

Update - I've added some links below the fold.